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Dec 24, 2012
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later an off-duty police officer from the nearby town of greece, new york, drove by. the gunfire hit his car. he was apparently injured by the shrapnel. now, as for the shooter, authorities say that he apparently was killed by a gunshot, there was some type after a shootout. police arrived, their fired at the shooter. not clear to what extent, if any, he fired back at the police officers, but we do know that he is now dead. not clear if it was self-inflicted. the police chief for webster new york, gerald pickering, held a news conference a few hours ago x he described what amounted to nothing less than an ambush. listen. >> at this time, you know, it's still under investigation, but we, you know, we have different leads that we're chasing down. it does appear that it was a trap that was set for responding, you know, first responders. but causative reasons we don't have at time. >> reporter: the police chief said that the shooter's body was found nearby. he also said that it was not clear at this time what type of a weapon it was, whether it was an assault rifle. also
later an off-duty police officer from the nearby town of greece, new york, drove by. the gunfire hit his car. he was apparently injured by the shrapnel. now, as for the shooter, authorities say that he apparently was killed by a gunshot, there was some type after a shootout. police arrived, their fired at the shooter. not clear to what extent, if any, he fired back at the police officers, but we do know that he is now dead. not clear if it was self-inflicted. the police chief for webster new...
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Dec 28, 2012
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all we have to do is look over the pond and see what's happening in countries like greece and italy and spain and ireland have these massive debt. now we cannot repay them, massive interest-rate increases, you and i have talked about this before. but shame on us for not realizing that we stay on this path, we are in real financial trouble. gregg: stephen moore, economics writer for "the wall street journal." on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there are 700,000 russian children who need a home. only 18,000 russian families who signed up to adopt. this new law was named after a russian baby that died in the custody of his american adoptive
all we have to do is look over the pond and see what's happening in countries like greece and italy and spain and ireland have these massive debt. now we cannot repay them, massive interest-rate increases, you and i have talked about this before. but shame on us for not realizing that we stay on this path, we are in real financial trouble. gregg: stephen moore, economics writer for "the wall street journal." on her way to the fiscal cliff. thank you very much. heather: russian...
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Dec 2, 2012
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shelby said the world markets are watching and america may be on the verge of a disaster bigger than greece. senator shelby republican from alabama joins us live. thank you for coming in today. >> thank you. >> shannon: what do you make of where we are right now? because, you know, to hear that the treasury secretary went to the hill with the white house with the president's proposal and that republicans actually laughed because they didn't say it was believable, it sounds like we are nowhere. >> i think the real impasse. the clock is ticking. this is december. and we know what happens on december 31. but i believe the president is going to have to meet us at least halfway. if we could do this, we could do a lot of things. i think that speaker boehner, senator mcconnell want to do something. if the president is determined to have more taxes. more spending. and cuts later, that is not going to work with the republicans. if so, i hope we won't blink at the end of the day. >> shannon: i want to play a sound bite from a colleague, senator lindsey graham from south carolina. here is where he sai
shelby said the world markets are watching and america may be on the verge of a disaster bigger than greece. senator shelby republican from alabama joins us live. thank you for coming in today. >> thank you. >> shannon: what do you make of where we are right now? because, you know, to hear that the treasury secretary went to the hill with the white house with the president's proposal and that republicans actually laughed because they didn't say it was believable, it sounds like we...
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Dec 23, 2012
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and then you run into a crisis like we have seen in greece and many other countries. it is dangerous when it gets too high, and we are moving close to that dangerous level every day. >> well now you have seen how much debt we have, how about where all of that money goes? the federal government spends more than $11 billion a day, $3 billion going to the department of health and human services. $2.5 billion go to social security. $1.8 billion to the defense department. but economists say most concerning of all is the $854 million a day hour country pays on our debt every single day. so we want to know what you think about the cost of spending. do you think your tax dollars should be spent better, in some other way? tweet your answers to us. i will read some of your responses. you can watch the entire cost of spending on our special report. and don't go away. we have some very special guests coming up in our studio. we will introduce you to a group in washington that is making sure some of our animal friends find a loving home this holiday. and some news you can use. wha
and then you run into a crisis like we have seen in greece and many other countries. it is dangerous when it gets too high, and we are moving close to that dangerous level every day. >> well now you have seen how much debt we have, how about where all of that money goes? the federal government spends more than $11 billion a day, $3 billion going to the department of health and human services. $2.5 billion go to social security. $1.8 billion to the defense department. but economists say...
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Dec 30, 2012
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upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political correspondent for talk radio news service and fox news contributor, jehmu greene former president of the women's media center. i wanted to start with senator graham's soundbite. if taxes are increased to top earners, i'll start with you. does it highlight the crux of the matter the fighting is about party politics and not the people? how do you see it? >> certainly the president is not walking around in a flight suited saying mission accomplished. this is not
upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated...
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Dec 8, 2012
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becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a drag on economic growth because it relies on taxation while failing to rein in the expansion of government. and that would seem to back up a republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. that's a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising taxes on upper income america
becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a...
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Dec 10, 2012
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president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address w
president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance...
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Dec 18, 2012
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greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles away, hard at work, getting a former middle school ready for sandy hook students. all of this as the grim task of bearing so many young innocents gets underway. 10:00 in the morning funeral services begin for james mattioli. followed by services for jessica reek coast. -- rekos. a rabbi spoke about that service. >> being celebrated as a pure innocent child by the promise of life ahead of him. who brought joy to his family and to his community and who will be sorely missed. as his older brother said he could have been anything if he had grown up. this is tragedy that we have no answ
greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles...
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Dec 21, 2012
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are we on our way as some warn to becoming greece? doug mcelway is live ph washington. there are nice things about greece that you won't mind emulating, but your budget, their economy not one of them. >> the parthanon a nice thing to see when you go to athens. when ron paul was running he got huge applause when he said a government that continues to deval its currency destroys the middle class. >> they don't have the money, they run out of borrowing power, guess what they do. they start printing money. >> reporter: the federal reserve has printed more moon to deep interest rates low. most economists agree there is a big risk in there, the debt to gdp ratio is 102%. our debt is actually greater now than the amount of money the entire u.s. economy produces. even at historically low interest rates that interest on the debt will cost the u.s. $222 billion this year. 570billion by the year 20, 22 if the rates stay that low. if interest rates ricin slightly every sector of the economy will have a hard time paying its bills. >> servicing the debt is hard now. this is with inte
are we on our way as some warn to becoming greece? doug mcelway is live ph washington. there are nice things about greece that you won't mind emulating, but your budget, their economy not one of them. >> the parthanon a nice thing to see when you go to athens. when ron paul was running he got huge applause when he said a government that continues to deval its currency destroys the middle class. >> they don't have the money, they run out of borrowing power, guess what they do. they...
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Dec 24, 2012
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revenues including tax rate hikes, even though i don't like them to save the country from becoming greece. i will not set aside the 1.2 trillion in cuts. >> reporter: talking about $1.2 trillion in spending cuts. the president's scaled back plan i mentioned dealing with unemployment benefits, dealing with taxes, leaves the issue of domestic spending cuts basically after the holidays. that is why some republicans like graham are skeptical. gregg: is it fair to say democrats are adamant there will not be a deal without taxes going up? >> yeah. when you talk to white house officials they say, they're sort of mystified that speaker boehner is still arguing about the level on tax rates going up because the president ran on this back in the campaign. he won the election, and, since the day after the election he has been saying this is what's going to happen to get a deal. that you have to have rates go up. that is basically what senator chuck schumer said yesterday. take a listen. >> on taxes, i know it is hard for the republicans but the president ran on that platform, 250, no tax increases pe
revenues including tax rate hikes, even though i don't like them to save the country from becoming greece. i will not set aside the 1.2 trillion in cuts. >> reporter: talking about $1.2 trillion in spending cuts. the president's scaled back plan i mentioned dealing with unemployment benefits, dealing with taxes, leaves the issue of domestic spending cuts basically after the holidays. that is why some republicans like graham are skeptical. gregg: is it fair to say democrats are adamant...
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Dec 26, 2012
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we see greece, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the siz
we see greece, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >>...
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and president's offer to fix it does nothing other than, quote, this is a quote, damn us to becoming greece. patti ann: what would it mean if lawmakers fail to strike a deal? according to the tax policy center, 90% of the americans would see a tax hike in 2013. 121 million people would pay more in payroll taxes. families making between 40 and $65,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension
and president's offer to fix it does nothing other than, quote, this is a quote, damn us to becoming greece. patti ann: what would it mean if lawmakers fail to strike a deal? according to the tax policy center, 90% of the americans would see a tax hike in 2013. 121 million people would pay more in payroll taxes. families making between 40 and $65,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute...
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Dec 31, 2012
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the sad news for the country we've accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation heather: welcome back. investigators are examining the black boxes in the deadly plane crash in russia. amateur video capturing it on tape. now we're learning at least five people died and three others were badly hurt. the plane took off from an airport near moskow. it landed on a highway before breaking pieces and catching on fire. gregg: new videotape shoug house majority leader eric cantor arriving at capitol hill. he really didn't say much of anything. he was asked what's going on, is there a deal? he basically said, happy new year, happy new year, happy new year three times. and the senate is not convening until about 11:00 a.m.. it may not be officially reconvening but just meeting. that was the time that harry reid said it would happen. tony sayegh, former press aide to gop vice-presidential nominee jack kemp and national political correspondent for talk radio news service. kirsten powers, columnist for "the daily beast" an
the sad news for the country we've accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation heather: welcome back. investigators are examining the black boxes in the deadly plane crash in russia. amateur video capturing it on tape. now we're learning at least five people died and three others were badly hurt. the plane took off from an airport near moskow. it landed on a highway before breaking pieces and catching on fire. gregg:...
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i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would drae grae to testify publicly, but there are obviously congress has an obligation i think they have chosen to highly objective non-political, non-partisan people in tom pickering, ambassador tom pickering, and admiral mike mullen, and we'll see what the report says, but clearly the administration does need to deal with these issues before we get to 2013 and the president's inauguration. >> and one of the questions that is being examined is all of the warnings and the incident -- there were five separate incidents that preceded the fatal at
i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would...
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here's john travolta, olivia newton john, his co-star from "greece," yeah. ♪ i'm coming home tonight ♪ >> i find it weird on so many levels. >> do you? >> yes. i mean look i wish him the best and i don't know the guy. i'm sure he's a lovely person and stuff, but i don't know, there's something going on. i don't know, there's a lot going on. >> i so disagree. we were talking about this -- >> you like it? >> i do. i think it's great between the two -- >> you're sucking up to john travolta because you hang out. >> no, i'm not sucking up, for the love of god. i think it's really cute, the two of them together. >> sure. okay. >> okay, all right. >> that's your story and you're sticking with it. >> i am. >> i haven't seen this. is this on a plane? >> well, you know, he's landing his plane, charlie -- >> landing the plane, they're reunited. >> oh, okay. >> and she's like a lovely lady and he's like a nice guy. i wish him nothing but the best and i hope it's a huge success. i've got no dog in the fight. >> anderson. >> as i said, what do i know about music? >> there you go. >> we're glad y
here's john travolta, olivia newton john, his co-star from "greece," yeah. ♪ i'm coming home tonight ♪ >> i find it weird on so many levels. >> do you? >> yes. i mean look i wish him the best and i don't know the guy. i'm sure he's a lovely person and stuff, but i don't know, there's something going on. i don't know, there's a lot going on. >> i so disagree. we were talking about this -- >> you like it? >> i do. i think it's great between the...
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countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. n
countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic...
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greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >> the cost of staging has been mounting in recent years. russia put on the beijing of song. it was like the chinese olympics. azerbaijan last year pumped out their national output on the stage. they were competing to show off to europe, look what we're like from the east, the former soviet republic. ♪ >> reporter: there's a lesson to be learned from previous eurovision winners. in budgets and costumes, less is often more. ♪ the rules of the game >> reporter: cnn, london. >>> all right. i want to go back to richard quest in london to talk a little abou
greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >>...
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Dec 29, 2012
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and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to make the kind of investment to transform the economy, to do with the reality of stagnant wages and a sense of diminished opportunities. we have strengths. we can do it. we need the public to rain and behavior that's destructive and we need political leaders to act forcefully. given enough to bipartisan commissions and searched enough for bipartisan consensus. for sensible hard all politics along these lines. >> norm, i particularly cutie take the money question. a couple political had a great shared that showed that party polarization in congress was
and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to...
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Dec 12, 2012
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it is interesting that we talk -- we do not become greece? it is interesting that we talked about the fiscal coordination have in the countries and to last come along and bail them out when they have not done what they're supposed to do? i do not know that we are that much different. we have a great panel. people thought are far smarter than i am. i will introduce them now. and then i will sit down and i did ask some questions to revival at the panel to keep their answers relatively short so we can run through a lot of questions and get out of here on time. we havealison -- we have ailson frasier, director of the institute for economic studies at the heritage foundation. as director, she oversees the heritage foundation research on a wide range of domestic, economic issues, including federal spending, taxes, the debt and deficit. before joining heritage in 2003, she was deputy director of the oklahoma office of state finance where she worked for governor. next, rudy penner, the institute fellow and the rj and francis miller chair in public po
it is interesting that we talk -- we do not become greece? it is interesting that we talked about the fiscal coordination have in the countries and to last come along and bail them out when they have not done what they're supposed to do? i do not know that we are that much different. we have a great panel. people thought are far smarter than i am. i will introduce them now. and then i will sit down and i did ask some questions to revival at the panel to keep their answers relatively short so we...
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Dec 12, 2012
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change these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every year
change these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much...
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. >> mitt romney kept saying this country could be on the road to be more like greece if we did .ot get our arms around it the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the point you can see the deficit will ultimately go away over a reasonable time, people will start investing again, hiring again, and i spoke to a business group yesterday and asked if they havwould hire just because they get a tax credit for hiring people. they said no. if you see the deficit will go away and there is hope we are on the right path to fiscal sanity, will you then hired? yes. we will have markets for our products and services and then we will need more people. we are stuck right now because all we have done for a year and a half was kick the can down the road. i voted against the act a year- and-a-
. >> mitt romney kept saying this country could be on the road to be more like greece if we did .ot get our arms around it the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the...
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Dec 15, 2012
12/12
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. >> california is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, bu they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of this, and real opportunities are a loss for everyone, and at some point, you hit a break wall. it's happening around the world right now. neil: how many will actually use it for the intentions it has? >> from what i read, they admit programs like this around the country have been ripe with all kinds of frauds. i wold suspect a vast majority sell it. i can't imane, you know, a lot of homeless people are drug addicts, you know, we got -- by the way, we got a lot of programs out there. you know, for homeless people, and we got a ton of programs
. >> california is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, bu they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of...
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Dec 19, 2012
12/12
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i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do improvements and reforms. i don't think spending money is the solution. there are smart ways to spend it for sure, but i don't buy this idea that bigger keynesian stimulus will solve our problems, these fundamental problems with demographics, with slowing innovation, and other things we are experiencing. i think we need more fundamental reform and my colleagues like paul krugman will say, you know, i hear that all the time but i really want to see -- i want to see stimulus now, and i think we have been doing this for a long time, we are doing it at seven percent of gdp at the moment, and i think it is sensible t
i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do...
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Dec 13, 2012
12/12
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every time something comes out, much like rumors out of greece. >> you guys hopeful on the floor that we get a deal sometime soon? >> you may not get a finalized deal but you'll get something done before the year end which will give us confidence to keep the market stabilized. >> members of the house tomorrow go home tomorrow for christmas. can you get a deal if they are home? >> i think you can. i think it's a little more di
every time something comes out, much like rumors out of greece. >> you guys hopeful on the floor that we get a deal sometime soon? >> you may not get a finalized deal but you'll get something done before the year end which will give us confidence to keep the market stabilized. >> members of the house tomorrow go home tomorrow for christmas. can you get a deal if they are home? >> i think you can. i think it's a little more di
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Dec 18, 2012
12/12
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. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this afternoon aren't bullish. markets believe a deal is coming quickly. >> so do you guys. you don't have any necessarily different guidance or expectation or reports than we do, and you both are very much in step that a deal gets done what. if it doesn't? >> i kind of think what's going on right now is a little dan
. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and...
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Dec 21, 2012
12/12
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greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >> we want to remember, by the way, this is emblem attic of all these nice things you have said this week for the victims of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market
greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >>...
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Dec 26, 2012
12/12
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no greece exit, no china hard landing and no u.s. slipping into a recession. therefore, the market has been able to lift. >> the last thing that may not happen is the fiscal cliff resolution, too. that could throw an iron in the fire. we've all got to be mindful of the possible debt downgrade. moody's and fitch are still at aaa and they have been rumbling they might take us down, and i think if s&p goes down a notch, mandy, that's not good for the market. >> the fact that these predictions did not come true i guess show that making predictions -- >> it shows the value of strategists. >> okay. >> it shows the value of vat jists. >> what are you predicting for 2013? >> i think you have to watch things in europe. the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go
no greece exit, no china hard landing and no u.s. slipping into a recession. therefore, the market has been able to lift. >> the last thing that may not happen is the fiscal cliff resolution, too. that could throw an iron in the fire. we've all got to be mindful of the possible debt downgrade. moody's and fitch are still at aaa and they have been rumbling they might take us down, and i think if s&p goes down a notch, mandy, that's not good for the market. >> the fact that these...
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Dec 27, 2012
12/12
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it will remind me of greece. greece is getting bailed out. and going on back and forth. will there be a deal by december 31st? i don't think so, but if a deal gets penned out by mid-january, we can look forward to focusing on earnings and get this fiscal cliff over with so we can see what's going on important in the world, and that's earnings. >> let me -- can i comment on that? >> yeah, sure. >> i want to comment on rick santelli's optimistic view that maybe there really is a deal in the offing. he has a point, you know. it's not over, you know, until it's over and these guys do sometimes come up with last-minute deals, but i want to be very clear. in order for that to happen john boehner basically has to agree that he's going to get a deal out of house with majority democrat votes, and i don't see why he does that before january 3rd. >> you're assuming the president has all the leverage, and i think the president would have a horrible legacy starting out with such turmoil, so i disagree. i think there's movement on the white house side on entitlements. >> rick, you do
it will remind me of greece. greece is getting bailed out. and going on back and forth. will there be a deal by december 31st? i don't think so, but if a deal gets penned out by mid-january, we can look forward to focusing on earnings and get this fiscal cliff over with so we can see what's going on important in the world, and that's earnings. >> let me -- can i comment on that? >> yeah, sure. >> i want to comment on rick santelli's optimistic view that maybe there really is a...
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Dec 21, 2012
12/12
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we are watching greece again. mistakes are being raised and time is running out. >> the greek parliament at an emotional session. detaals going on outside. >> facebook has made its debut at. >> the market is having a turtle bay. and facebook is doing relatively well. liz: blockbuster upholding the insurance mandate that health care bill. >> is about access to care. >> the big rally in the markets across the board. a major blowout at the top of citigroup. >> we talked to charlie gasper enough today. the auto bailout proves to be interesting. you believe it was the one that won ohio for the president? >> yes, i believe it was great for the president. i think it hurts the governor. liz: today, the thousandth episode of countdown to the closing bell. >> i'm here to say congratulations. >> watching the show. at the end of the day, sometimes you get a little tired. some people take that five hour energy drink. and i just want you. you just have so much energy. >> here at the london olympics. >> let's talk about your job
we are watching greece again. mistakes are being raised and time is running out. >> the greek parliament at an emotional session. detaals going on outside. >> facebook has made its debut at. >> the market is having a turtle bay. and facebook is doing relatively well. liz: blockbuster upholding the insurance mandate that health care bill. >> is about access to care. >> the big rally in the markets across the board. a major blowout at the top of citigroup. >>...
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Dec 31, 2012
12/12
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number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped up the fire power against the opposition, civilians caught in the crossfire, more than 40,000 people have died so far. >> reporter: this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai. she survived, wake up in a british hospital and, according to her father, immediately asked for her school books. the world was gripped, moved and inspired by the story of one determined young g
number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped...
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Dec 19, 2012
12/12
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we know we don't want to end up like greece. the country is still struggling today. s&p upgraded greece's credit rating by six notches. >>> lauren rousseau was 30 years old. she had recently just landed a permanent substitute teacher position at sandy hook elementary. according to her family, she died doing what she loved. spending time and teaching children. her boyfriend tony says they had just celebrated their one-year anniversary together. he sat down with poppy harlow and talked about it. that must have been hard to talk to him, hard to hear him. what did he say? >> this is a guy the same age as me and his girlfriend, the same age as well. the way that tony was describing lauren in her obituary was the love of her life. they fell in love on their first date at a wine bar. that's when they shared their first kiss. these were just two peas in a pod, the way they described one another. you know, he told me he doesn't believe that it's real, that it's permanent, that she's going to come back. he's having a hard time processing that. the way he described it to me jus
we know we don't want to end up like greece. the country is still struggling today. s&p upgraded greece's credit rating by six notches. >>> lauren rousseau was 30 years old. she had recently just landed a permanent substitute teacher position at sandy hook elementary. according to her family, she died doing what she loved. spending time and teaching children. her boyfriend tony says they had just celebrated their one-year anniversary together. he sat down with poppy harlow and...
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Dec 18, 2012
12/12
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. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles the multi million dollar fine levied by the government. >>> the strongest northwest storm of the season roars into washington state. the mess it left behind. >> no leavy coats needed outside. right now mild and sunny. but tells us that's going to to change. always on for your top stories on wjz.com. and first warning weather click wjz.com. ,,,,,,,,,,,,,,,, >>> i'm paula from maryland, happy holidays, wjz. >> happy holidays to paula. >> happy holidays paula and everybody out there. >> it's a nice day. >>> it really is . there's an event going on that exact place on sunday. we're going t
. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles...
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Dec 31, 2012
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. >> in some way was didn't happen, at the end of the year standard & poor's upgraded greeces bond rating europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly. which was a lot of people were take very seriously. >> but the mayans maybe not terrific forecasters. >> woodruff: looking back at 2012, michael kberb beschloss richard norton smith, thank you both. >> thank you. >> thank you. >> and again the major developments of this day >> suarez: again, the major developments of the day, bargaining on a fiscal cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holma
. >> in some way was didn't happen, at the end of the year standard & poor's upgraded greeces bond rating europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly. which was a lot of people were take very seriously. >> but the mayans maybe not terrific forecasters. >> woodruff: looking back at 2012, michael kberb beschloss richard norton smith, thank you both. >> thank you. >> thank you. >> and again...
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think back, literally, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if we take the consumer back and put them in the jobs report we did see the number of hours increase as did wages. what do you make of that? does that give you hope? >> it does. if you look at car sales in november, automobile sales, fifteen million vehicles were sold in november. highest since december of 2007. that weakness we saw in cars and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next yea
think back, literally, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if...
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Dec 24, 2012
12/12
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the unemployment in greece right now. 26%. israel, christmas coming early to jerusalem. >> merry christmas and happiness and peace. happy holidays! >> santa claus walking through the old city, calling on commission residents to pick up free christmas trees. tens of thousands of pilgrims visit jerusalem every year and during the holiday season it's second in tourism to the west bank city of bethlehem where jesus was born. peru, dogs dressing up, putting on the dog. and posing for a picture with st. nick. and in lima, offering a new line of festive outfits for the four-legged friends and chihuahuas in custom gear all to make the holiday extra special and that's a wrap on this fox trip around the world in 80 seconds. >> well, i guess you could say it's christmas eve eve and thousands of shoppers are packing the stores in search of the last minute bargains or better just pay the prices and get the gift you need. come on. with the lingering worries tonight after weak economy and the looming fiscal cliff, many consumers are left say
the unemployment in greece right now. 26%. israel, christmas coming early to jerusalem. >> merry christmas and happiness and peace. happy holidays! >> santa claus walking through the old city, calling on commission residents to pick up free christmas trees. tens of thousands of pilgrims visit jerusalem every year and during the holiday season it's second in tourism to the west bank city of bethlehem where jesus was born. peru, dogs dressing up, putting on the dog. and posing for a...
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Dec 24, 2012
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. >>> greece, thousands of people turning out in athens to donate food, clothing and toys to families in need. the initiative called i care i share. it was organized by a local tv station to help those struggling wi to meet basic needs. the unemployment rate 26 percent. >>> israel, christmas coming early to jerusalem. >> merry christmas for all the world and happiness and health and safety and peace. happy holidays. >> santa was walking through the old city urging christian residents to pick up christmas trees. during the holiday season it's still second in tourism to the west bank city of bethlehem where jesus was born. >> peru. dogs dressing up putting on the dogs and posing for a picture with saint nick. a new line of festive outfits for these four-legged friends. chihuahua's in custom gear all to make the holidays extra special. that's the trip around the world in 80 seconds. >> i guess you could say it's christmas oeve eve and thousand packing the stores to get the gift they need. lingering worries of a weak economy many consumers are left saying bah hum bug. here is brenda butle
. >>> greece, thousands of people turning out in athens to donate food, clothing and toys to families in need. the initiative called i care i share. it was organized by a local tv station to help those struggling wi to meet basic needs. the unemployment rate 26 percent. >>> israel, christmas coming early to jerusalem. >> merry christmas for all the world and happiness and health and safety and peace. happy holidays. >> santa was walking through the old city urging...
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Dec 30, 2012
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. >> the sad news for the country is we've accomplished very little in terms of not becoming greece. it's a victory for the president and i hope we have the courage of our convictions to fight for what we believe as republicans. >> peter, what the senator is saying is this doesn't really solve the problem of the debt we're building up. >> no, it doesn't. we have all heard taxing high income individuals more would only raise 5% of the deficit. another statistics that will break your eyes. if we raised everybody's income tax by 50%, we'd likely only cut the deficit in half. that should explain to everyone why it is imperative we finally do something about rapidly escalating entitlement cost but the president refuses to come to the table. nothing is fixed in my mind more than speaker boehner saying i've offered you 800 billion in additional revenue. what do i get in return? and the president said nothing. you also counted he won the election. i have got news, whether he won the election or not,let stats about the budget are neutral and nonpartisan and mr. boehner's republicans won an el
. >> the sad news for the country is we've accomplished very little in terms of not becoming greece. it's a victory for the president and i hope we have the courage of our convictions to fight for what we believe as republicans. >> peter, what the senator is saying is this doesn't really solve the problem of the debt we're building up. >> no, it doesn't. we have all heard taxing high income individuals more would only raise 5% of the deficit. another statistics that will break...